T-Mobile US (TMUS) Upgraded to “Outperform” at Macquarie

Macquarie upgraded shares of T-Mobile US (NASDAQ:TMUS) from a neutral rating to an outperform rating in a research note released on Thursday morning.

Several other research analysts also recently issued reports on TMUS. Cowen reiterated a buy rating and set a $70.00 price target on shares of T-Mobile US in a research report on Friday, August 25th. Jefferies Group reiterated a buy rating and set a $80.00 price target on shares of T-Mobile US in a research report on Thursday, September 7th. Deutsche Bank reiterated a hold rating and set a $70.00 price target on shares of T-Mobile US in a research report on Friday, September 8th. BidaskClub downgraded shares of T-Mobile US from a buy rating to a hold rating in a research report on Tuesday, September 12th. Finally, KeyCorp reiterated an overweight rating and set a $72.00 price target on shares of T-Mobile US in a research report on Saturday, September 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. T-Mobile US presently has a consensus rating of Buy and an average price target of $69.70.

T-Mobile US (NASDAQ:TMUS) traded down $1.27 on Thursday, hitting $62.56. 7,010,700 shares of the stock traded hands, compared to its average volume of 4,341,625. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. T-Mobile US has a fifty-two week low of $54.60 and a fifty-two week high of $68.88. The company has a market cap of $53,104.27, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 1.19 and a beta of 0.29.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.17. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The business had revenue of $10.02 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. sell-side analysts predict that T-Mobile US will post 2.41 EPS for the current fiscal year.

T-Mobile US declared that its Board of Directors has authorized a stock repurchase program on Wednesday, December 6th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the Wireless communications provider to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

In other news, CFO J Braxton Carter II sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $62.97, for a total transaction of $944,550.00. Following the completion of the transaction, the chief financial officer now directly owns 163,688 shares of the company’s stock, valued at approximately $10,307,433.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of TMUS. Janus Henderson Group PLC boosted its holdings in shares of T-Mobile US by 12,230.1% in the 2nd quarter. Janus Henderson Group PLC now owns 4,479,412 shares of the Wireless communications provider’s stock valued at $271,542,000 after buying an additional 4,443,083 shares during the last quarter. Capital World Investors boosted its holdings in shares of T-Mobile US by 158.7% in the 2nd quarter. Capital World Investors now owns 3,867,024 shares of the Wireless communications provider’s stock valued at $234,419,000 after buying an additional 2,372,024 shares during the last quarter. Paulson & CO. Inc. boosted its holdings in shares of T-Mobile US by 46.1% in the 2nd quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock valued at $366,793,000 after buying an additional 1,910,600 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of T-Mobile US by 3,877.3% in the 2nd quarter. Prudential Financial Inc. now owns 1,587,360 shares of the Wireless communications provider’s stock valued at $96,226,000 after buying an additional 1,547,450 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of T-Mobile US by 10.9% in the 2nd quarter. BlackRock Inc. now owns 15,334,976 shares of the Wireless communications provider’s stock valued at $929,608,000 after buying an additional 1,502,636 shares during the last quarter. 34.96% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “T-Mobile US (TMUS) Upgraded to “Outperform” at Macquarie” was reported by Week Herald and is owned by of Week Herald. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://weekherald.com/2017/12/15/t-mobile-us-tmus-upgraded-to-outperform-at-macquarie.html.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

Analyst Recommendations for T-Mobile US (NASDAQ:TMUS)

Receive News & Ratings for T-Mobile US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply